Hub Cyber Security (NASDAQ:HUBC) Stock Scheduled to Reverse Split on Monday, September 14th

Hub Cyber Security Ltd. (NASDAQ:HUBC) shares are going to reverse split on the morning of Monday, September 14th. The 1-25 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, September 13th.

Hub Cyber Security Stock Down 30.6%

NASDAQ:HUBC traded down $0.18 during mid-day trading on Thursday, reaching $0.42. 784,712 shares of the company’s stock traded hands, compared to its average volume of 166,480. Hub Cyber Security has a 12-month low of $0.41 and a 12-month high of $39,237.00. The company has a 50 day moving average price of $0.94 and a 200-day moving average price of $158.11.

Hub Cyber Security (NASDAQ:HUBC) last posted its earnings results on Friday, July 17th. The company reported ($52.60) earnings per share (EPS) for the quarter. The firm had revenue of $8.28 million during the quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HUBC shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Hub Cyber Security in a research note on Tuesday, July 21st. Wall Street Zen lowered shares of Hub Cyber Security from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Hub Cyber Security currently has a consensus rating of “Sell”.

Institutional Trading of Hub Cyber Security

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new position in shares of Hub Cyber Security during the first quarter valued at $65,000. Cresset Asset Management LLC purchased a new stake in shares of Hub Cyber Security during the third quarter valued at $133,000. HRT Financial LP bought a new stake in Hub Cyber Security in the 4th quarter worth about $28,000. Finally, Bank of America Corp DE bought a new stake in Hub Cyber Security in the 2nd quarter worth about $266,000. Institutional investors own 4.70% of the company’s stock.

Hub Cyber Security Company Profile

HUB Cyber Security Ltd. provides cyber security solutions in Israel and internationally. The company offers HUB Secure File Vault, a super charged managed file transfer backed by dedicated hardware driven security, which creates a secure enclave to protect the organization's data driven workflows; HUB Guard, a recurring security assessment, continuous network, and infrastructure monitoring and analysis, and planned incident response; D.Storm, a powerful SaaS DDoS simulation platform; RAM Commander, a software tool for reliability prediction and analysis, reliability block diagram, Markov chains analysis, maintainability prediction, spares optimization, FMEA/FMECA, testability, fault tree analysis, event tree analysis, and safety assessment; and Safety Commander designs to evaluate the safety of highly integrated systems in a model-based design environment.